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When doing industry or market research, it is helpful to find the NAICS code for that industry. NAICS (rhymes with lakes) is the abbreviation for the North American Industry Classification System. It is defined as "the standard used by Federal statistical agencies in classifying business establishments for the purpose of collecting, analyzing, and publishing statistical data related to the U.S. business economy" (U.S. Census Bureau, 2021).
You can search many of the business databases by NAICS code to get industry information. Knowing the NAICS (also known as an industry code) can help you find consistent analysis from database to database by making sure you are comparing consistent industry segments.
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